Belgium

KBC only needed to offer a slim new issue premium to attract €2bn of demand for a new tier two bond this week. The deal pricing was squeezed by 20bp from initial price thoughts, resembling senior deals from other issuers.

Anheuser-Busch InBev’s decision to pull the $9.8bn IPO of its Asian business is a classic example of a seller not listening to the views of investors when it comes to valuation.

Maric Post will take over as director of treasury and capital markets after Anne Leclercq departs the Belgian Debt Agency on July 31.

Belgian brewer Anheuser Busch InBev has taken the first step toward floating its Asia Pacific operations on the Hong Kong Stock Exchange.

AB InBev, the Belgian brewer of Stella and Budweiser, confirmed on Tuesday that it is “actively exploring” the sale of a minority stake in its Asian unit on the Hong Kong Stock Exchange.

Rating: A2

Région Wallonne almost wiped out its total funding needs for the year with its first set of benchmark and sustainable bonds on Thursday.

Région Wallonne is moving forward with plans to sell its first bonds in benchmark and sustainable format, with initial price thoughts announced on Wednesday for new seven and 15 year bonds.

A French agency and a Belgian sub-sovereign are preparing to issue their first bonds.

The European Investment Bank and Flemish Community brought sustainability-linked transactions on Thursday, with investors piling in despite a busy market elsewhere.

A trio sovereigns went to the MTN market over the past week, including Italy, which issued a yen bond for the first time since 2009. The deal, led by Nomura, was also its first issue in a foreign currency since 2010.

Italy has issued a yen bond for the first time since 2009. The deal, led by Nomura, is also its first issue in a foreign currency since 2010.